The past few days have been great for electric car maker Tesla (NASDAQ:TSLA). A lot has happened, and it hasn’t all been good. However, that’s good enough for investors, which sent Tesla up more than 5% at the time of writing. First, word emerged that Tesla’s delivery numbers were going to be revealed later this week. The company’s fourth-quarter earnings call reported that demand was far ahead of production. In fact, demand was running almost twice as much as production.
But this is just for starters. Tesla—via CEO Elon Musk—will soon be meeting with China’s premier Li Qiang. Although the meeting has not been confirmed, plans are apparently in the “finalization” stage, which suggests that the meeting will take place. No one is sure yet what the topics of the meeting will include, but some leeway in Tesla’s tax exemptions in 2019 could be in the offing.
Finally, there are also some new issues with Tesla’s electric semi. More specifically, there is a problem with the Electronic Parking Brake Valve Module. It may fail while the truck is parked and the vehicle may roll. But Tesla is offering a new valve that should fix the problem.
Overall, the analyst consensus on Tesla stock is positive, with 20 Buy recommendations, 10 Holds and three Sells. On average, the stock is rated Medium Buy. Furthermore, it also offers slight upside potential thanks to its average price target of $214.54.
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